Japan’s Hayashi believes forex should reflect fundamentals

Japanese Chief Cabinet Secretary Yoshimasa Hayashi is out with some verbal intervention, as the Yen once again sees heavy selling pressure against the US Dollar early Tuesday.e

Key quotes

No comment on forex intervention.

Believe forex should reflect fundamentals.

Market reaction

USD/JPY is holding higher ground near 158.65 on these above comments, adding 0.40% on the day.